ALABAMA AFL-CIO LABOR INSTITUTE FOR TRAINING INC

EIN: 631231459 501(c)(3) Education

MONTGOMERY, AL

Total Revenue
$214,965
Total Expenses
$213,987
Total Assets
$35,201
Net Assets
$10,201
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
AL
Principal Officer
RICKEY KORNEGAY
Phone
3348341061
Tax Period
2023-10-01 to 2024-09-30

ALABAMA AFL-CIO LABOR INSTITUTE FOR TRAINING INC, founded in 1999, is a small nonprofit in the Education sector that reported $183K in total revenue in fiscal year 2017.

Mission

EMPLOYMENT, TRAINING AND WORKFORCE DEVELOPMENT

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $214,965
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $214,965

Expense Breakdown

Grants Paid $0
Salaries & Benefits $186,505
Fundraising Expenses $0
Program Expenses $121,661
Other Expenses $27,482
TOTAL EXPENSES $213,987

Year-over-Year Comparison

2023 2022 Change
Revenue $214,965 N/A N/A
Expenses $213,987 N/A N/A
Net Income $978 N/A N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
2
Independent Members
2
Employees
3
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
2
$200,279
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BREN RILEY PRESIDENT 2.00
Director
$0 $40,744 $125,230
RICKEY KORNEGAY SECRETARY/TR 2.00
Director
$0 $20,641 $75,049
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $214,965 $213,987 $35,201 $978
2023 $196,433 $194,808 $34,223 $1,625
2022 $195,298 $195,078 $24,598 $220
2021 $184,860 $183,889 $24,878 $971
2020 $182,222 $180,477 $6,407 $1,745
2019 $185,864 $186,801 $4,662 $-937
2018 $182,858 $180,529 $5,599 $2,329
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